Dangote retains his position as the richest man in Africa for the 8th year running and he is the only Nigerian on the list of the top 500 billionaires, as released by Bloomberg in its yearly billionaires list.
His estimated worth in the latest Bloomberg ranking eclipsed the earlier ranking by Forbes Magazine, another elite publication which placed his worth at $10.8billion in the 2019 Forbes Africa’s Billionaires’ list released in January.
Dangote remains Africa’s richest man with his improved worth of $16.6 billion, controls Dangote Industries, a closely-held conglomerate. Dangote owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of N805.6 billion naira ($2.4 billion) in 2017. It also has interests in sugar, salt, flour, fertiliser and packaged food.
It is noteworthy that Aliko Dangote was recently named the sixth most charitable man in the World by UK-based digital periodical, Richtopia that covers business, economics, and financial news. This recognition is coming after Richtopia endowed Aliko Dangote Foundation (ADF) to the tune of $1.25 billion.
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